Bruce Springsteen Sells Catalog to Sony for $500 Million: Report
for around $500 million, topping Bob Dylan’s sale of his publishing to Universal for nearly $400 million.
While Springsteen has been with Sony Music’s Columbia Records since he first signed with the label in 1972, he acquired the rights to his music as part of a contract renegotiation at some point during the 1990s; such moves are rarely reported but become evident in the fine print on a release. Another strong impetus to sell is the expected increase in capital gains taxes, with Democrats holding both the White House and the House of Representatives until 2023, at least.
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